INNOVATE鈥檚 Portfolio Company DBM Global to Pay Cash Dividend
INNOVATE Corp. (NYSE: VATE) announced that its operating subsidiary DBM Global Inc. (DBMG), a steel construction services provider, will distribute a cash dividend of $5.5 million, equivalent to $1.42 per share. The dividend will be paid on June 16, 2025 to DBMG stockholders of record as of June 2, 2025. As DBMG's largest shareholder, INNOVATE expects to receive approximately $5 million of the total dividend payout. Notably, INNOVATE's individual stockholders will not be eligible to receive this cash dividend.
INNOVATE Corp. (NYSE: VATE) ha annunciato che la sua controllata operativa DBM Global Inc. (DBMG), specializzata nei servizi di costruzione in acciaio, distribuir脿 un dividendo in contanti di 5,5 milioni di dollari, pari a 1,42 dollari per azione. Il dividendo sar脿 corrisposto il 16 giugno 2025 agli azionisti di DBMG registrati al 2 giugno 2025. In qualit脿 di maggior azionista di DBMG, INNOVATE prevede di ricevere circa 5 milioni di dollari del totale del dividendo distribuito. 脠 importante sottolineare che gli azionisti individuali di INNOVATE non avranno diritto a questo dividendo in contanti.
INNOVATE Corp. (NYSE: VATE) anunci贸 que su subsidiaria operativa DBM Global Inc. (DBMG), un proveedor de servicios de construcci贸n en acero, distribuir谩 un dividendo en efectivo de 5,5 millones de d贸lares, equivalente a 1,42 d贸lares por acci贸n. El dividendo se pagar谩 el 16 de junio de 2025 a los accionistas registrados de DBMG al 2 de junio de 2025. Como mayor accionista de DBMG, INNOVATE espera recibir aproximadamente 5 millones de d贸lares del total del dividendo. Cabe destacar que los accionistas individuales de INNOVATE no ser谩n elegibles para recibir este dividendo en efectivo.
INNOVATE Corp. (NYSE: VATE)電� 臧曥矤 瓯挫劋 靹滊箘鞀� 鞝滉车鞐呾泊鞚� 鞛愴殞靷� DBM Global Inc. (DBMG)臧赌
INNOVATE Corp. (NYSE: VATE) a annonc茅 que sa filiale op茅rationnelle DBM Global Inc. (DBMG), un fournisseur de services de construction en acier, distribuera un dividende en esp猫ces de 5,5 millions de dollars, soit 1,42 dollar par action. Le dividende sera vers茅 le 16 juin 2025 aux actionnaires de DBMG inscrits au registre au 2 juin 2025. En tant que principal actionnaire de DBMG, INNOVATE s'attend 脿 recevoir environ 5 millions de dollars du montant total du dividende. Il est important de noter que les actionnaires individuels d'INNOVATE ne seront pas 茅ligibles 脿 ce dividende en esp猫ces.
INNOVATE Corp. (NYSE: VATE) gab bekannt, dass seine operative Tochtergesellschaft DBM Global Inc. (DBMG), ein Anbieter von Stahlbauservices, eine Bardividende von 5,5 Millionen US-Dollar aussch眉tten wird, was 1,42 US-Dollar pro Aktie entspricht. Die Dividende wird am 16. Juni 2025 an die zum 2. Juni 2025 eingetragenen DBMG-Aktion盲re ausgezahlt. Als gr枚脽ter Aktion盲r von DBMG erwartet INNOVATE, etwa 5 Millionen US-Dollar der gesamten Dividendenaussch眉ttung zu erhalten. Bemerkenswert ist, dass die einzelnen Aktion盲re von INNOVATE nicht berechtigt sind, diese Bardividende zu erhalten.
- DBM Global's $5.5 million dividend distribution demonstrates strong cash flow generation
- INNOVATE to receive $5 million from the dividend, strengthening its cash position
- INNOVATE's individual stockholders are excluded from receiving the dividend
- The dividend is a one-time payment with no indication of recurring distributions
NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (鈥淚NNOVATE鈥� or the 鈥淐ompany鈥�) announced today that DBM Global Inc. (鈥淒BMG鈥�), a family of companies providing fully integrated steel construction services, and an operating subsidiary of INNOVATE, will pay a cash dividend of approximately
About INNOVATE
INNOVATE Corp.聽is a portfolio of best-in-class assets in three key areas of the new economy 鈥� Infrastructure, Life Sciences and Spectrum. Dedicated to stakeholder capitalism, INNOVATE employs approximately 3,100 people across its subsidiaries. For more information, please visit:聽.
About DBM Global Inc.
DBMG is focused on delivering world-class, sustainable value to its clients through a highly collaborative portfolio of companies which provide better designs, more efficient construction, and superior asset management solutions. The Company offers integrated steel construction services from a single source and professional services which include design-assist, design-build, engineering, detailing, BIM co-ordination, steel modeling/detailing, fabrication, rebar detailing, advanced field erection, project management, and state-of-the-art steel management systems. 聽Major market segments include commercial, healthcare, convention centers, stadiums, gaming and hospitality, mixed use and retail, industrial, public works, bridges, transportation, and international projects. The Company, which is headquartered in Phoenix, Arizona, has operations in United States, Australia, Canada, India, New Zealand, the Philippines and the United Kingdom.
Forward-Looking Statements
Certain statements in this press release may constitute 鈥渇orward-looking statements鈥� within the meaning of the federal securities laws. Forward-looking statements generally relate to future events, such as DBMG鈥檚 payment of a cash dividend. You are cautioned that such statements are not guarantees of future performance and that INNOVATE鈥檚 actual results may differ materially from those set forth in the forward-looking statements. All of these forward-looking statements are subject to risks and uncertainties that may change at any time. Factors that could cause INNOVATE鈥檚 actual expectations to differ materially from these forward-looking statements include DBMG鈥檚 payment of a cash dividend and the other factors under the heading 鈥淩isk Factors鈥� set forth in INNOVATE鈥檚 Annual Report on Form 10-K, as supplemented by INNOVATE鈥檚 quarterly reports on Form 10-Q. Such filings are available on our website or at www.sec.gov. You should not place undue reliance on these forward-looking statements, which are made only as of the date of this press release. INNOVATE undertakes no obligation to publicly update or revise forward-looking statements to reflect subsequent developments, events, or circumstances, except as may be required under applicable securities laws.
Investor Contact:
Solebury Strategic Communications
Anthony Rozmus
(212) 235-2691
FAQ
What is the dividend amount announced by DBM Global (DBMG) for June 2025?
When is the record date for DBM Global's dividend payment in 2025?
How much will INNOVATE Corp (VATE) receive from DBM Global's dividend?
Are INNOVATE Corp (VATE) stockholders eligible for DBM Global's dividend?
